This overvaluation of affordable housing units is a scam, a rip-off and a big fat brown envelope all rolled in to one.
It is in the interests of the Council to inflate these figures as, has been outlined above, if a clawback arises in the future due to the buyer selling before a certain time period it will be at the higher figure.
It is obviously in the interests of the developer to inflate these figures and in the case where these discounts are being given in exchange for sites elsewhere then this is doubly so.
http://www.askaboutmoney.com/showthread.php?t=36615
http://www.askaboutmoney.com/showthread.php?t=39059
The only people who this is not in the interests of is the consumer. A genuine rip-off.
It is in the interests of the Council to inflate these figures as, has been outlined above, if a clawback arises in the future due to the buyer selling before a certain time period it will be at the higher figure.
It is obviously in the interests of the developer to inflate these figures and in the case where these discounts are being given in exchange for sites elsewhere then this is doubly so.
http://www.askaboutmoney.com/showthread.php?t=36615
http://www.askaboutmoney.com/showthread.php?t=39059
The only people who this is not in the interests of is the consumer. A genuine rip-off.